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Eurostat released its retail sales data for the Eurozone on Tuesday. Retail sales in the Eurozone increased 0.2% in February, beating expectations for a flat reading, after a 0.3% gain in January. January's figure was revised down from a 0.4% increase.
Non-food sales decreased 0.2% in February, food, drinks and tobacco sales rose 0.5%, while automotive fuel sales were down 0.2%.
On a yearly basis, retail sales in the Eurozone climbed 2.4% in February, beating forecasts of a 1.9% gain, after a 2.0% increase in January.
Non-food sales gained 1.7% year-on-year in February, gasoline sales declined 0.5%, while food, drinks and tobacco sales rose 2.9%.
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